U.S. Stock Futures Drop as Greece Eyes Bailout Review

U.S. stock-index futures declined, indicating that the benchmark Standard & Poor’s 500 Index will snap a three-day rally, as Greek leaders planned to form a group to renegotiate terms of an international bailout.

S&P 500 futures expiring in September dropped 0.3 percent to 1,337.3 at 9:12 a.m. in London. Dow Jones Industrial Average futures slipped 20 points, or 0.2 percent, to 12,666.

Greek politicians continued talks to form a government after the June 17 elections. Evangelos Venizelos, the head of the Pasok party, said he agreed with the leader of the Democratic Left party to speed up the process.

Venizelos said there was initial agreement on a policy framework for the new government, as well as on the need to put together a negotiating team, which can include people from outside the government, to renegotiate some of the terms included in an international rescue.

Venizelos spoke in Athens in comments carried live on state-run NET TV.

To contact the editor responsible for this story: Srinivasan Sivabalan at ssivabalan@bloomberg.net

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